That’s right, I just updated my Net Worth page and I’ve crossed the $1,000,000 mark!
The first million is supposed to be the hardest. It took me nearly 30 years to have a net worth of $50,000, 35 years to reach $500,000 and at nearly 40 years of age this is where I’m at. I’m very fortunate to be here.
If you are new here, I urge you to check out my About page to learn a little more about me and how I got here.
I posted in November of 2013 about a net worth of $500,000 or half a million. That post can be found here. It took a little over 5 years to double my net worth.
What’s amazing is that 10 years ago, I had a net worth under $50,000. I’ve made huge strides in the last 10 years since I’ve been a dividend growth investor. Most all of my progress has been documented here on the blog.
While I do still care more about my passive income, it’s nice to take a look and see where you are at.
You’ll notice more than half of my net worth is from real estate equity. I hope to keep the balance of real estate equity to equities at a 50/50 split. I’m pretty close to this now.
I never plan to really retire, what I’m aiming for is FI, financial independence. My current goal is $6,000/month in passive income. At that point I believe I’ll declare FI. Until then I’ll keep grinding on. You can see a progress bar on the right side of the page and I’m just over the $3,000 mark. I hope to aggressively increase that over the next few years.
I appreciate anyone following me along on this journey. I never expected a single comment when I started this blog. It was to hold myself accountable for my financial decisions, good or bad.
I’m happy that I can motivate or help anyone along their path to FI! Feel free to reach out to through email. I’m happy to help any way I can.
Cheers and on to $2 million!